Businesses & field force: FBR seeks customs-related budget proposals for tariff revision

ISLAMABAD: The Federal Board of Revenue (FBR) has sought customs budget proposals for 2026-27 from field formations and business community for tariff rationalization including changes in import duties slabs, abolition/reduction in customs duties, Additional Customs Duties (ACDs) and regulatory duties (RDs).

According to the FBR’s letter issued to all stakeholders here on Wednesday, the FBR has invited customs-related budget proposals for the fiscal year 2026-27.

Sources said that the Customs Budget exercise for FY 2026-27 has been initiated and Customs Budget section has requested the field formations as well as stakeholders to send their budget proposals.

In order to facilitate the stakeholders, it is requested that instructions as well as formats (annexure) for budget proposals has been uploaded on the FBR website. The tariff rationalization in budget (2025-26) has caused revenue loss of Rs 200 billion in 2025-26.

Break-up of revenue loss in 2025-26 revealed that the reduction in rates of ACDs would cause revenue loss of Rs 126.7 billion. Changes in RDs would cause revenue loss of Rs 57.7 billion and revision in rates of customs duties would have revenue implications of Rs 15.6 billion.

Copyright Business Recorder, 2025